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Texas Life Insurance exam Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed $12.49   Add to cart

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Texas Life Insurance exam Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed

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Who is considered a field underwriter? -:- An agent When must insurable interest exist in life insurance? -:- Application or issue date If no receipt is issued at the time of application, a statement of good health is usually required at the time of? -:- Policy delivery The Medical Infor...

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  • September 6, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Texas Life Insurance
  • Texas Life Insurance
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2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!



Texas Life Insurance exam Questions & 100%
Correct Answers- Latest Test | Graded A+ |
Passed
Who is considered a field underwriter?


✓ -:- An agent




When must insurable interest exist in life insurance?


✓ -:- Application or issue date




If no receipt is issued at the time of application, a statement of good health is usually

required at the time of?


✓ -:- Policy delivery




The Medical Information Bureau is?(MIB)


✓ -:- a source of medical information to alert insurers to adverse medical history




A substandard risk compared to a standard risk would pay?


✓ -:- a higher premium




Which document describes specific information about policy provisions and benefits?

1|Page | Grade A+| 2024/2025

,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

✓ -:- Policy summary




Does not have an insurable interest?


✓ -:- Insured's best friend




What is the main source of underwriting information used by the company in the risk

selection process?


✓ -:- Application




An insured submits the full premium along with a completed application, and the policy is

issued 10 days later. When does the coverage begin?


✓ -:- On the date of application




What is the main responsibility of a company's underwriting unit?


✓ -:- Risk selection and classification




What best describes the USA PATRIOT Act with regards to the insurance industry?


✓ -:- To prevent terrorism activities through monitoring of financial transactions




2|Page | Grade A+| 2024/2025

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

If the agent feels that could misrepresentation on the part of the applicant for insurance,

what must the agent do?


✓ -:- Inform the insurance comapny




Representations are statements made by the applicant that are?


✓ -:- Considered true to the best of the applicant's knowledge




If an agent fails to obtain an applicants signature on the insurance application, the agent

must?


✓ -:- Return the application to the applicant for signature




What includes information regarding a person's credit, character, reputation, and habits?


✓ -:- Consumer report




When the insured purchased a new home, he wanted to purchase a life insurance policy

that would protect his family against losing it should he die before the mortgage was paid.

Which of the following policies is best suitable for that need?


✓ -:- Decreasing term




An annually renewable term policy?


3|Page | Grade A+| 2024/2025

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